USDA released its monthly Cattle on Feed (COF) report on Friday. The report was neutral, with inventory, marketings and placements all coming in right at the industry average pre-report estimates. The 1 February inventory of all cattle and calves on feed in feedlots with 1,000 head or more capacity was 11.9 million head and January placements were 1.96 million head. Placements were the only category that did not match with pre-report expectations, coming in below. While supportive, in context to the whole report, the lighter than expected placements probably were not enough to be considered bullish.
Marketings in January were 1.93 million head. The average daily marketing of cattle was 91,952 based on 21 workdays inJanuary. Marketings f...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Tomorrow is the Juneteenth federal holiday, and the USDA, along with the rest of the federal government and the CME, will be closed, so the monthly Cattle on Feed report was released a day early. The total number of cattle on feed in feedlots with 1,000 head or more capacity on 1 June amounted...
